I have no clue what happens next, all I know is that the SM doesn’t go down and pm’s don’t really go up.
PM’s generally are flat, even if the SM goes down.
As far as the pm shares, well, it’s a crapshoot, I don’t buy at this point that they are a great source of liquidity which is what I hear you saying Captain. Maybe when the HUI was 600 and NEM was $80. But now, with these depressed prices?
Don’t buy it – manipulation yes, liquidity? nah. Not enough buying interest for liquidity to matter. IMHO.